Tag: mortgage

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Any down payment that totals less than 20 per cent of the property value will require mortgage default insurance, and be considered a high ratio loan.

A mortgage broker will help you ascertain the true amount you can afford to spend on your new home, before you start shopping.

Lenders basically use two rules to determine the mortgage you are eligible to be funded to receive.

Debt consolidation or a Mortgage Refinance can cost effectively remove debt, and can make the financing of your future projects that much easier.

A recent poll done by CIBC and Harris/Decima has found that 59% of Canadian retirees are still in debt. Worse yet, the poll finds that 55% of people that carry debt into retirement have seen their debt levels either increase or remain unchanged over the past year. As you can imagine, it only becomes more …

Come July 9th, the CMHC will no longer insure mortgages with amortizations longer than 25 years, and will further limit the amount a homeowner can refinance their mortgage to 80%, down from 85%.

There are numerous good reasons as to why mid-term you may be considering the option of breaking your mortgage. You may have found yourself in need of extra finances, have located a much better rate, are aiming to consolidate high interest debts, are interested in early renewal or are paying out the balance of your …

Taking a Look at the No Frills Mortgage If you knew there was virtually no chance of your amassing a pre-payment, moving, or needing to refinance for the next five years, would you give up all of your mortgage options for the lowest rate possible? That is what the No Frills Mortgage offers to home …